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 usg543
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Registered: 04/21/08
Posts: 7,259
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 economy post election 
#141517 - 11/06/08 12:35 AM (16 years, 1 month ago) |
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usg543
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Registered: 04/21/08
Posts: 7,259
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Re: economy post election [Re: usg543]
#141518 - 11/06/08 12:38 AM (16 years, 1 month ago) |
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 aDoS
freedom lover
Registered: 05/04/08
Posts: 979
Loc: land of the free
Last seen: 15 years, 9 months
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Re: economy post election [Re: usg543]
#141550 - 11/06/08 08:31 AM (16 years, 1 month ago) |
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Good morning comrades.
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"If we could sniff or swallow something that would, for five or six hours each day, abolish our solitude as individuals, atone us with our fellows in a glowing exaltation of affection and make life in all its aspects seem not only worth living, but divinely beautiful and significant, and if this heavenly, world-transfiguring drug were of such a kind that we could wake up next morning with a clear head and an undamaged constitution - then, it seems to me, all our problems (and not merely the one small problem of discovering a novel pleasure) would be wholly solved and earth would become paradise." - Aldous Huxley
 GIVE ME OPIATES OR GIVE ME DEATH
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wowitch420
whippits n ribs
Registered: 04/22/08
Posts: 5,982
Loc: 512 TX
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Re: economy post election [Re: usg543]
#141562 - 11/06/08 09:35 AM (16 years, 1 month ago) |
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wow, USG really has the facts on this one.
but seriously are you gonna keep posting stupid circumstantial shit because you wish McCain was elected? You lost, obama won, nation moves on.
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heady nugz
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usg543
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Registered: 04/21/08
Posts: 7,259
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Re: economy post election [Re: aDoS]
#141599 - 11/06/08 10:37 AM (16 years, 1 month ago) |
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Quote:
aDoS said:
Good morning comrades.
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Harry_Ba11sach
cannoisseur
Registered: 04/20/08
Posts: 11,753
Loc: Nepal 
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Re: economy post election [Re: usg543]
#141703 - 11/06/08 01:32 PM (16 years, 1 month ago) |
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This is obviously entirely Obamas fault. before the election the Stock market was perfect.......right?
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zippo420
Registered: 05/29/08
Posts: 536
Last seen: 9 years, 9 months
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I know
He's not even in office and everything is messed up.
Dumb asses
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Voodoo
Empty
Registered: 05/21/08
Posts: 1,196
Last seen: 12 years, 3 months
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Re: economy post election [Re: usg543]
#141776 - 11/06/08 03:48 PM (16 years, 1 month ago) |
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i think its still to early to tell if hes gonna be a shity president or not
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Toiletduk
Head Goon
Registered: 04/20/08
Posts: 1,675
Loc: Earthfarm 1
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Re: economy post election [Re: Voodoo]
#141777 - 11/06/08 03:51 PM (16 years, 1 month ago) |
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Well, yeah it's too early to tell. I mean he was just elected two days ago.
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Picklez
Registered: 04/20/08
Posts: 17,919
Last seen: 10 years, 6 months
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Re: economy post election [Re: Voodoo]
#141779 - 11/06/08 04:05 PM (16 years, 1 month ago) |
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exactly, he hasnt even done anything yet and people are already blaming him for shit
Obama doesnt become President until January 1st and even then its going to take hard work and time before we see any "change"
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Harry_Ba11sach
cannoisseur
Registered: 04/20/08
Posts: 11,753
Loc: Nepal
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Re: economy post election [Re: Picklez]
#141781 - 11/06/08 04:18 PM (16 years, 1 month ago) |
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It was just a very divisive election with a lot of passion from both sides of the fence.
The bottom line for this thread though, is that the DOWJ dropped 750+ points for a week straight just a little while ago. The economy is having a hard time right now, and Obama is clearly not the cause, cause this shit's been dropping since last december.
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usg543
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Registered: 04/21/08
Posts: 7,259
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can you guys not read, or do you not understand how markets work?
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usg543
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Registered: 04/21/08
Posts: 7,259
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Re: economy post election [Re: usg543]
#141784 - 11/06/08 04:27 PM (16 years, 1 month ago) |
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Harry_Ba11sach
cannoisseur
Registered: 04/20/08
Posts: 11,753
Loc: Nepal
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Re: economy post election [Re: usg543]
#141788 - 11/06/08 04:39 PM (16 years, 1 month ago) |
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I understand you're trying to say the markets dropped because of Obama's election. The results of the campaigns did happen to correspond with this drop, but there is far more going into the stock prices than just that news.
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wowitch420
whippits n ribs
Registered: 04/22/08
Posts: 5,982
Loc: 512 TX
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Re: economy post election [Re: usg543]
#141794 - 11/06/08 04:52 PM (16 years, 1 month ago) |
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Quote:
usg543 said:
can you guys not read, or do you not understand how markets work?
i seriously doubt you have a firm understanding of "how markets work"
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heady nugz
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usg543
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Registered: 04/21/08
Posts: 7,259
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Re: economy post election [Re: wowitch420]
#141797 - 11/06/08 05:00 PM (16 years, 1 month ago) |
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lol are you fucking kidding me?? i'm getting an MBA with a concentration in finance...
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Picklez
Registered: 04/20/08
Posts: 17,919
Last seen: 10 years, 6 months
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Re: economy post election [Re: usg543]
#141804 - 11/06/08 06:02 PM (16 years, 1 month ago) |
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Quote:
usg543 said:
lol are you fucking kidding me?? i'm getting an MBA with a concentration in finance...
then you are a complete embarrassment to your institute. The economy has been complete shit for the past 8 years. To give it any correlation with the election is complete ignorance and probably some deep-seeded racism
I think it would have tanked even worse if McCain was elected 
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usg543
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Registered: 04/21/08
Posts: 7,259
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Re: economy post election [Re: Picklez]
#141832 - 11/06/08 06:56 PM (16 years, 1 month ago) |
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Quote:
KillerPicklez said:
then you are a complete embarrassment to your institute.
actually my black finance professor, tells us daily how bad obama's tax plan is for our economy. guess he's an embarrassment too?? anyways thanks. 
Quote:
KillerPicklez said:
The economy has been complete shit for the past 8 years. To give it any correlation with the election is complete ignorance and probably some deep-seeded racism.
first let me get this out of the way: i am not racist in the slightest. why are you making this a race issue?
now onto the markets:
Quote:
Major indexes have lost about 10 percent since Barack Obama was elected president -- a vote preceded by a steep rally -- and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.
what is ignorant, is that you believe a presidential election will have no effect on the markets. it does have an effect, especially a president that plans to 'spread the wealth' and 'tax the rich more'. do you think the rich (aka big businesses) are happy about this? obama is the most socialist democrat that has ever won an election, to deny any effect on the markets is completely and undeniably ignorant.
to what effect is up to speculation and is completely opinion.
however:
Quote:
NEW YORK, Nov 5 (Reuters) - Wall Street hardly delivered a rousing welcome to President-elect Barack Obama on Wednesday, dropping by the largest margin on record for a day following a U.S. presidential contest.
maybe you are right, maybe it is in fact a coincidence and the biggest drop in history since 1987 just happened to come when the country found out who its next president would be. to me it is clear.
i am not blaming obama. it is how the investors are reacting to the information they are given. that's how markets work. take a basic finance course. stock prices reflect all available information and expected future cash flows.
Quote:
KillerPicklez said:
I think it would have tanked even worse if McCain was elected
which is a valid opinion, and i disagree. so far i've posted 2 or 3 legitimate articles that agree with me (at least in the fact that there is a correlation), and i've sourced them in my previous posts. where are your sources? can you back anything up that you said with anything? i backed up everything i said with information.
but i guess since i simply disagree with your opinion you decide to make this a race issue and claim that i am an embarrassment to my institute. open your mind. i'll respect your opinions if you respect mine.
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usg543
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Registered: 04/21/08
Posts: 7,259
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Re: economy post election [Re: Picklez]
#141833 - 11/06/08 07:01 PM (16 years, 1 month ago) |
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but the best and most hilarious part of your argument... i didn't once mention obama in any of my above posts (except my very last one).
all i have simply done is post links? yet i am a racist. i guess the mass media is racist as well?? re-read the fucking thread.
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ezKiel
All About the Haze
Registered: 06/12/08
Posts: 2,474
Last seen: 2 years, 10 months
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Re: economy post election [Re: usg543]
#141842 - 11/06/08 07:13 PM (16 years, 1 month ago) |
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Quote:
usg543 said:
can you guys not read, or do you not understand how markets work?
how embarrassing for you...
and you don't even realize.
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